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Ukraine cbank strengthens hryvnia to 4.85/$


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Nestor : UAH is under pressure as the US dollar continues its downward valuation
The value of the dollar on the streets is already well below the official rate indicating that the revaluation was known well in advance. Even though Ukraine`s currency has increased in value prices are still rising at alarming rates. A simple comparison with neighbouring states indicates that they high inflation rate is not due to global pressure. Most of the rate of inflation is due to profit taking and ongoing political instability. Yushchenko must accept the lions share of Ukraine`s high inflationary pressure as it is he that has sport top destabilise Ukraine economic development as a result of his personal power struggle.
Pil : Nestor: his personal power struggle.
Blah-blah-blah. Who brought about this power struggle? His own prime minister.

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